Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
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Development

Mayor Says Grandview-Woodland Plan Could be ‘Delayed Significantly’

When it comes to controversial neighbourhood plans, especially in Grandview-Woodlands, Vancouver Mayor Gregor Robertson says the city has shifted gears to listen to the public.

“Certainly with Grandview-Woodland and Marpole, I’ve said clearly we’re not going forward with the current timeline,” Robertson said to reporters at a Wednesday launch event for the city’s online public engagement tool, Talk Vancouver.

City council is expected to decide on Sept. 25 whether to extend the community plan, along with three other community plans underway in Marpole, the West End and the Downtown Eastside.

“I think we’ll see Grandview-Woodland delayed significantly and a lot more work, back to the drawing board, to make sure that voices are heard and that we shape the plan for the long-term of that neighbourhood as best as possible,” Robertson said.

Read more: http://metronews.ca/news/vancouver/792663/vancouver-mayor-says-grandview-woodland-plan-could-be-delayed-significantly/

September 12, 2013by david.taylor@colliers.com
Development, Office

Great West Life Proposing 32-Storey Office Tower on Seymour

Great West Life has applied to the City of Vancouver to rezone a parkade at 753 Seymour Street (next to Vancouver Centre) for an office tower.

753 Seymour

The proposal would allow for a 32-storey building with:

  • 336,186 SF of office space with ground floor retail space
  • 4 levels of above grade parking and six levels of underground parking
  • a total density of 15 FSR (after inclusion of the existing buildings)
  • a total height of 403.5 ft

753 SeymourMore information here: http://former.vancouver.ca/commsvcs/planning/rezoning/applications/753seymour/index.htm

September 12, 2013by david.taylor@colliers.com
Development

Pearson Concept Ready For Its Closeup

The fourth and final draft concept for potential redevelopment of the Pearson Dogwood Lands, located at 59th Avenue between Heather and Cambie streets, will be unveiled at open houses Sept. 12 and 14.

 

Pearson
Vancouver Coastal Health owns the 25-acre site. It envisions a mixed-use development, which will include health care housing and related services, housing, community amenities and park space. Building heights could range from three to 28 storeys. Towers would be clustered along Cambie Street and the northeastern portion of the site. The concept also includes a new transit station at West 57th and Cambie on the Canada Line.

 

The City of Vancouver is working on a planning program with VCH, which will produce a policy statement that will guide redevelopment. City staff expect to bring the policy statement to council for approval in December or early next year. If council approves it, VCH can file a rezoning application.

 

Initial open houses were held last January, followed by another set in June when three redevelopment options were presented. The best ideas were consolidated into the fourth concept being released at this week’s open houses, explained Brad Foster, the real estate consultant for VCH who’s working on the project.

 

See more at: http://www.vancourier.com/news/developing-story-pearson-concept-ready-for-its-closeup-1.619217
September 11, 2013by david.taylor@colliers.com
Development

For Sale: 7810-7830 Granville Street

7810-7830 Granville_Brochure

September 6, 2013by david.taylor@colliers.com
Development

Stretch of Burnaby’s Hastings Could Get Taller

Stretch of Burnaby’s Hastings could get taller – Burnaby NewsLeader.

A stretch of the north side of Hastings Street could get taller now that a four-storey mixed use development is being proposed for three lots west of Macdonald Avenue.

A public hearing will be held Sept. 24 at 7 p.m. in Burnaby city hall council chambers for the application to rezone 3951, 3959 and 3975 Hastings St. which are currently home to older, one and two-storey commercial and mixed-use buildings, according to a city staff report.

The proposal, designed by Chris Dikeakos Architects [for Bosa], is for a project with commercial space on the ground and mezzanine levels with three stories of condominium apartments above. All parking would be underground with vehicle access from the rear lane.

To meet the requirements of the C8a Hastings urban village commercial district, the development would include a lighted pedestrian walkway within a statutory  right-of-way linking Hastings to the north.

And while the C8a zone restricts an individual user of a  ground-floor commercial space to a maximum building frontage of 66 feet, the report said city staff may support a future relaxation of the restriction for suitably-designed cafes, restaurants, food stores and retailers if needed.

Read more: http://www.burnabynewsleader.com/news/221662901.html

September 3, 2013by david.taylor@colliers.com
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David Taylor Personal Real Estate Corporation

Colliers International

DT

David Taylor

Senior Vice President, Colliers Canada

David Taylor is a Senior Vice President at Colliers International in Vancouver, BC, specializing in the sale of commercial real estate across Metro Vancouver. He has sold over $1.7 Billion in office buildings, retail properties, apartment buildings and development land since 2004.

Vancouver Market chronicles investment and development activity in Metro Vancouver, including sale prices, cap rates, $/SF metrics, and market context for commercial real estate transactions.

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